Plan and focus on
your financial needs
and well being
throughout retirement

Transition to Retirement

Roughly 51 percent of Americans retire between the ages of 61 and 65, with another 13 percent sneaking out between ages 55 and 60, and 22 percent leaving between ages 66 and 74

(Source: Inc.com)

Many believe that because you work, and work hard… retirement will promise a life of ease, and it could and in fact, should! Here are some questions we believe that you should be thinking about, and prepare to answer.

Do you have an estimate of your retirement income?

Do you have a plan for retirement including Medicare and Social Security?

Do you know how taxes will affect your retirement income?

Do you really need to hire a financial advisor?

Things to Consider While Transitioning to Retirement

Retire early

Health care – not until 65

Social Security at age 62 with a permanent reduction

Outliving your retirement savings – A shocking 21 percent of Americans have nothing at all saved for the future, and another 10 percent have less than $5,000

(Source: Northwestern Mutual’s 2018 Planning & Progress Study)

Retire on time

Assuming age 67, to get full Social Security benefits

Access to Medicare

Take up a hobby, travel, volunteer… expenses considerably drop when you are no longer paying FICA/FUTA, into your retirement plan, your working tax rate.

Retire late

Retire at age 70 and you’ll see up to a 32% increase in your social security – the highest benefit

(Source: ssa.gov)

Less risk of running out of money

Although most financial planners say to wait until the age of 70, only 2 percent of men and 4 percent of women wait until 70